I think your mainly correct but the most important aspect/ability is emotional control. learning to take ticks and in practice taking ticks is quite straight forward, the price can only go up, down or stay the same, cant do nothing else. having the emotional control/ability to cut out a bad trade, close a trade ( good or bad), and to take a loss (small or large) would seem to be an innate ability, not something that can or can easily be learnt or taught. these forums are littered with threads that support that.Derek27 wrote: ↑Sun Nov 12, 2017 4:28 amIt's not a question of knowing "the optimal way" to correct mistakes - nobody's perfect and does everything the optimal way. The question is can you learn and improve from them ?ruthlessimon wrote: ↑Sat Nov 11, 2017 11:23 pmI can explain the exact process of enriching uranium - & it's pretty simple - but it takes the resources of an entire country to actually do it.
Same with your statement. That process of "analysing mistakes", is not trivial (an utter rabbit hole at times) - & I'd say almost all of us don't know the optimal way to correct our mistakes when developing strategies/models.
We all learn to drive with an instructor sitting in the car telling us what to do, but trading is too fast moving to be compared to driving and most other crafts. The decision to back or lay, and at what price has to come from the trader's own brain, and the skill required to trade comes largely from experience.
in short the mechanics can be learnt with experience or with instruction or both, but the emotional aspect would seem to be a natural ability.